USD/CAD may rise 34 - 51 pips

Our pivot point is at 1.3568.

Our preference

The upside prevails as long as 1.3568 is support.

Alternative scenario

Below 1.3568, expect 1.3540 and 1.3522.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3590 and 1.3591).

Supports and resistances

1.3683 **

1.3666 *

1.3648 **

1.3631

1.3597 last

1.3580

1.3568 **

1.3540 *

1.3522 **

Number of asterisks represents the strength of support and resistance levels.